This is aptly named because it does look like Puppy Chow. It goes really fast at parties and Children LOVE it.

1 12oz. Box Rice Chex
? Cup Peanut Butter
1 12oz. bag Chocolate Chips
1 stick Butter or Oleo
1 Box (1lb) Powdered Sugar

In microwave or in double boiler, melt Chocolate Chips, Peanut Butter and Oleo together. Stir until smooth. Pour all over the Rice Chex and still until it is all covered. Put the Powdered Sugar ina clean Brown Paper Bag and pour in the Chocolate covered Rice Chex. Close Bag and shake till well covered.